President Donald Trump signed an executive order Thursday, slapping tariffs on most of America's trading partners set to take effect next week.

President Trump on Thursday announced tariff rates for dozens of countries that will take effect on Aug. 7, potentially upending the global trade system. Trump signed an executive order that modified tariff rates for dozens of countries after he had twice delayed plans to implement “reciprocal” tariffs on other nations.

President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations. Rates were set at 25% for India's U.